The Kodak patent auction
Kodak entered into a $950 million financing facility secured by its assets, including some of its digital imaging patents, which it is required to put up for sale this month. It plans to auction off its patents in a process where there will be no disclosure of unsuccessful bidders to other bidders and the public.
Kodak said in the filing of the motion for the auction that the sellers propose to sell all or any portion of the digital imaging patents to successful bidders free and clear of all claims and interests, to maximize their value. Holders of claims and interests, if any, will be sufficiently protected by the availability of the proceeds of the sale.